Author: Arvin Jayasuriya
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The Emil Savundranayagam story
Emil Savundranayagam, a Ceylonese swindler, made headlines in Britain with his insurance scam. In 1963, he founded the Fire, Auto and Marine Insurance Company (FAM), which offered low insurance rates to motorists in the United Kingdom. However, FAM’s success was short-lived, as it collapsed in 1966, leaving approximately 400,000 motorists without coverage. Savundra’s tactics were